McNeil, AR is a small town situated in the southwest of Arkansas. It is known for its beautiful landscapes, abundant natural resources, and strong sense of community. With a population of just over 1,400 people, McNeil offers its residents an affordable cost of living with rent for two bedroom apartments costing only $650 per month. Additionally, groceries are less expensive here than the national average, with an index score of 88 compared to 100 in the US. \nThe town of McNeil offers locals access to many amenities and services. Notable local businesses include McNeil Motorsports, which specializes in sales repairs and tires; Martins Grocery Store; McGowan’s Family Restaurant; Phillips Hardware Store; and Big D’s BBQ Shack. The city also features numerous recreational facilities including walking trails, tennis courts, swimming pools, baseball diamonds, basketball courts and more. All this adds up to make McNeil a great place to live or work that combines affordability with plenty of options for entertainment and leisure activities.
McNeil has an unemployment rate of 6.2%. The US average is 6.0%.
McNeil has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for McNeil
- The Sales Tax Rate for McNeil is 8.0%. The US average is 7.3%.
- The Income Tax Rate for McNeil is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for McNeil
- The average income of a McNeil resident is $21,200 a year. The US average is $37,638 a year.
- The Median household income of a McNeil resident is $41,625 a year. The US average is $69,021 a year.